I
f you are anything like me, then you are already a little sick of hearing about the rise of artificial intelligence.
It has swiftly become one of my husband’s favourite topics. He loves to discuss the impact it will have on our lives and our jobs while I prefer to stick my head in the sand. ChatGPT, the online AI tool that has boomed in popularity, is increasingly used in our household to help with anything from recipe ideas to finding out whether our son’s teething is normal.
There is one area of my life, however, where AI is yet to play a major role: my investment portfolio. Now I have £900 in cash sitting uninvested in my stocks and shares Isa and I’m wondering whether the time has come to take AI a little more seriously.
Many investors have already done well from AI, with the chip-maker turned AI-superpower Nvidia the poster-child example of how backing a winner can give your returns a turbo boost. Since May 2023, when the company turned heads by announcing that it was increasing production of its AI chips to meet surging demand, its share price has risen more than 500 per cent.
